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Accounting Deck

Published on Nov 24, 2015

created for BUAD 100 class

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PRESENTATION OUTLINE

1.

Accounting

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2.

The Language of Business

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3.

GAAP

  • Generally Accepted Accounting Principles
  • Accounting standards and principles
  • Guidelines for financial accounting
4.

Financial Accounts

kept throught the accounting process and actions
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5.

Accounting Cyle
1. Identify and Analyze Transactions
2. Journalize Entries
3. Post to Ledger
4. Trial Balance
5. Adjusting Entries
6. Adjusted Trial Balance
7. Financial Statements
8. Closing Entries
9. Post-Closing Trial Balance

6.

Accounting Statements

  • Balance Sheet
  • Income Statement
  • Statement of Retained Earnings
  • Statement of Cash Flows

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